I was wondering how the credit card promotionals work. It says 0% APR for 12 months. Does this mean i dont pay anything for 12 months? or do i have to pay the mins. every month?
2007-04-12 14:15:19 · 7 answers · asked by kyle st. 1 in Business & Finance ➔ Credit
You'll pay the monthly minimum-- but no interest charges. This will probably reduce the payments each month, but you still have to pay.
If you're looking for a 0% APR credit card, here's a good place to look:
http://www.asapcreditcard.com/0-apr.html
Hope this helps. GOOD LUCK!
2007-04-12 15:57:22 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It means there will be no interest charges until the 12 month anniversary date. You will still be responsible for any monthly payments from the purchases you make in that time. Be careful though and try not to let the balance get to be more than you can reasonably pay off...credit card interest is a pain to try to get out from under if you abuse it. And watch out because that interest will most likely be accruing during that promo period, making it nearly impossible to pay off if you aren't CAREFUL!!!
2007-04-12 14:47:32 · answer #2 · answered by semisweetened 3 · 0⤊ 0⤋
It means you still have to pay the minimum every month. And you must be diligent about making those payments on time. If you read the fine print carefully it will probably say that if you are late even once, the interest rate will skyrocket to 20%+ And you probably wont get a seperate letter announcing the rate change if it happens - it will just be on your next bill.
But if you are careful, it can be a good deal.
2007-04-12 14:23:17 · answer #3 · answered by baktum2 2 · 0⤊ 0⤋
You will have a min payment to make, just no interest will accrue. However if you just pay the min, you will end up paying on an account for the better part of forever.
2007-04-12 14:19:59 · answer #4 · answered by MajorTom © 6 · 0⤊ 0⤋
in a roundabout way. they gained't honor the examine in case you only deliver it to them as a mastercard price. in spite of the indisputable fact that, there's a 2-section oblique thanks to finish what you want. Step a million: Deposit the promotional examine in a bank account on your call (at any monetary corporation). Step 2: After the money from that deposit develop into accessible in the bank account the position you deposited it, use that bank account to jot down a examine to Chase (or bypass on line and pay Chase electronically with the money in the bank account).
2016-11-23 16:03:08 · answer #5 · answered by ? 4 · 0⤊ 0⤋
You will owe on a balance that you accrue during the 12 month period but you will not be charged annual percentage rate during this 12 month period. (After this period you will be charged) Thank you
2007-04-16 13:03:06 · answer #6 · answered by rosie72 2 · 0⤊ 0⤋
You just don't pay any INTEREST for that period of time. You will absolutely need to pay the minimum payment.
2007-04-12 14:21:17 · answer #7 · answered by jdkilp 7 · 0⤊ 0⤋